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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Huge £9m boost for flatfair as deposit alternative race hots up

One of the key players in the ultra-competitive deposit alternative sector has announced a massive and new $11m investment. Flatfair says that with the money - converted...

It’s official - private rents are FALLING in real terms

Data published by the Office for National Statistics shows private rental prices paid by tenants in the UK rising by 1.3 per cent in the 12...

Section 21: More fierce criticism for government over its scrapping

Claims that the use of Section 21 ‘no fault’ eviction notices is the leading cause of homelessness in the UK are “factually incorrect, misleading and just...

New housing court in England and Wales 'should follow Scots model'

A new property court similar to the Scottish system should be established in England and Wales to deal with the proposed scrapping of section 21 repossessions. That’s...

Fees Ban Cash Crisis: letting agents expect to lose 30% of annual income

The first ‘state of the industry’ report on the lettings agency sector since the introduction of the fees ban suggests individual agents are gearing up to...

Rogue tenants can cost £40,000 to £100,000 to evict, warns top agent

Research by London agency Benham and Reeves says the cumulative cost of a landlord suffering a bad tenant and then evicting them could - in extreme...

London agency wins six-figure funding to go on the acquisition trail

A London lettings agency that has already acquired an independent has now received what is described as a “six figure” loan to allow it to snap...

PropTech firm claims rental app now used by 450,000 tenants

PropTech supplier Movebubble claims that over 450,000 tenants use its app. Users can schedule viewings, share feedback with agents or landlords or other tenants, and search for...

Housing association appeals to private landlords for help

The housing association Cadwyn is calling for private sector landlords with properties in Cardiff to lease their houses to those on the city council’s waiting list. Approximately...

Why I may quit buy to let - a landlord explains their S21 dilemma

A private landlord has gone on record to explain her own dilemma with a tenant - and why the government’s scrapping of Section 21 may threaten...

Government gives Labour council £200k for new rental clampdown

A Labour council which has become famous for its critical approach to the private rental sector has now been given almost £200,000 by the Conservative government to...

Fees: Lettings agent fined for the third time in as many years

A lettings agent in London has been fined for the third time in as many years – this time for failing to publicise its letting fees...

Agents ‘have key role to reduce stress for landlords and tenants’

Lettings professionals should do more to raise awareness of the need to reduce moving stress for tenants and landlords. Industry supplier Tenant Shop says that while there...

Blocked! Government refuses to back council licensing plan

The government has blocked a council rolling out selective licensing across no fewer than 3,000 homes in its patch.  Under Stoke on Trent council’s scheme every private...

Rents now rising roughly in line with Consumer Prices Index

If you want a barometer of a stable lettings market, this appears to be it - rents are now rising at about the same as the...

Renters spend average £670 on ‘extras’ when they move

The comparison website MoneySuperMarket suggests that renters spend an average of £670 in additional costs when they move, on top of agency, deposit and other fees.  It...

Rental sector suffering from government focus on home ownership

Private tenants are being disadvantaged because of the government’s focus on boosting homeownership. According to the latest figures from the Royal Institution of Chartered Surveyors, a fall...

Expelled! Six lettings agencies kicked out by Ombudsman

The Property Ombudsman has announced a slew of expulsions after six agents failed to comply with redress rules. They failed to abide by parts of the TPO...

Section 21 abolition has a silver lining says Haart

The Haart lettings agency says the government’s plan to abolish landlords’ Section 21 eviction powers may not be a bad thing. The agency says it’s got “a...

Surge in buy to let company purchases thanks to tax changes

New research shows more than half of landlords plan to use limited companies to buy properties in the year ahead.  The study found 55 per cent of...

Time to let a home falls to record low of 20 days

It took an average of just 20 days to let a home between January and July this year according to a survey by Countrywide’s high-end brand...

Four months: how long it takes to repossess a rental property

The Ministry of Justice says it takes private landlords an average of 22.5 weeks from making a repossession claim to the courts to it actually happening. This...

Average rents fall across much of the country, says latest index

Average rents dropped in five of the eight UK regions monitored by property technology company Goodlord. The biggest drop was recorded in the West Midlands where average...

Revealed: best university towns for rents and yields

A flat-sharing website has created a league table of average rents in locations surrounding the top-ranked universities in the United Kingdom.   Using data from PropertyData, ideal...

Prime London lettings market in good shape thanks to supply dip

Prime London’s lettings market is growing but has seen fewer new lets over the second quarter of the year according to data from agents’ subscription service...

Landlords advised to start adjusting deposits to new cap limit

The Deposit Protection Service has revealed that more than four out of 10 of the tenancy deposits it manages are currently higher than the new tenancy...

Crisis for agents as banks set to insist on individual client accounts

Lloyds Bank appears to have contacted at least some of its letting agent clients to say that it is closing all undesignated client accounts with 60...

Controversial short lets management firm launches ‘digital door opening’

A short lets management firm which was earlier this year at the centre of an advertisement controversy is now partnering with a digital intercom service that...

Artificial Intelligence could help agents cope with industry regulation

PropTech, and specifically Artificial Intelligence, could help letting agents better cope with new demands created by further industry regulation. That’s the view of AI provider Roby.ai. It warns...

What a performance! Edinburgh artists suffer because of rental rules

A lettings group says the high-profile struggle performers at the Edinburgh Fringe now face to find affordable short-term accommodation was entirely predictable. The National Landlords Association last...

Agency expansion shows merit of involvement in Build To Rent

Manchester-based agency Ascend has revealed it’s now taken over the management of a Build To Rent fund’s portfolio of almost 1,000 properties. The portfolio is made up...

Leading agent opens up about mental health issues in the industry

A respected lettings and sales agent has opened up about his own mental health issues and those which exist thanks to the pressures within the industry. David...

Lettings sector doesn’t want “Marxist dystopia” rent controls - claim

Rents in London are rocketing but a leading market commentator says this is no reason to give in to a “Marxist dystopia” of rent controls. According to property...

Agent become first in Wales to scrap fees levied on tenants

A Cardiff lettings agent claims to have become the first in Wales to stop charging fees to new and existing tenants. CPS Homes has made the move...

Buy to let con-man must pay back £48,000 rent or go to prison

A man who claimed he needed a council house but was actually a landlord has been ordered to pay back more than £48,000 or face a...

Human Habitation law does NOT require specific HHSRS inventories

Confusion reigns over inventory reports and how letting agents and landlords comply with the Homes (Fit for Human Habitation) Act 2018. That’s the view of No Letting...

Agency caves in to tenants refusing to pay fee: does this set a precedent?

Two tenants who campaign against lettings fees are claiming victory after refusing to pay charges for renewing their tenancies.  The agency was one of the largest in...

Eight Cabinet ministers are private landlords - and claim rent on expenses

The Mirror newspaper says eight members of the new Boris Johnson-led Cabinet are buy to let investors - and it accuses them of claiming expenses to...

Belvoir beating the fees ban with lettings income up five per cent

Belvoir has told its shareholders and the City that it enjoyed a strong first half of 2019 with its 300 High Street offices enjoying a five...

ARLA fees ban roadshows begin tomorrow in Wales

With less than four weeks to go to the start date of the Welsh Tenant Fees ban, the Association of Residential Lettings Agents’ roadshows on the...

Shelter complains to Boris Johnson about a lettings agency

Campaigning charity Shelter has made a remarkable attack on a lettings agency, accusing it of “an abuse of power” over its use of Section 21. The attack...

‘Revolutionary’ rental option to be unveiled to lettings industry

Lettings experts are being invited to the unveiling of a service described by its creators as “a revolutionary rental product.” It is called the Advanced Rent Option...

Council bans new home buyers short-letting on Airbnb and the like

A local authority in Manchester is pioneering a ban to prevent buyers of homes at a new development from selling them to private landlords, or promoting them...

New Right To Rent rules mean agents and landlords ‘break law’

New guidance from the government on its controversial Right To Rent scheme would see agents and landlords breaking the law if they followed it according to...

“It’s Illegal!” - council licensing scheme blasted by trade body

A local authority is being warned that its landlord licensing and accreditation scheme is potentially unlawful. The Residential Landlords Association, which represents private sector landlords, has written...

Another council seeks government backing to widen licensing

Another local authority has announced that it wants to introduce another selective licensing scheme and designate its entire patch for HMO licensing. This time it’s Waltham Forest...

Commuter town independent agency joins franchise group

Hunters has expanded its franchise network once again with the opening of a new branch in Reading. Chas Shukla, director of Hunters Reading, says: “My team and...

Lettings software platform in strategic partnership with MAB

Lettings software platform teclet has announced a strategic partnership with the Mortgage Advice Bureau. It means MAB’s intermediary products and services will be available via the teclet...

Buy to let owner ‘stripped roof of home with 25 tenants living there’

A rogue landlord who housed more than 25 tenants in a rundown property has been found guilty of serious housing and safety breaches, and fined £25,500. Salah...

Fees Ban: record rent rises in response to Tenant Fees Act

The Association of Residential Lettings Agents says there has been a record number of rent increases reported by its members. In a market snapshot for June -...

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